Avaada Energy, an arm of Avaada Group, announced this week that it has won a 250 MW solar-wind hybrid power project in a 1 GW tender issued by NTPC. It won the capacity by offering a competitive tariff of INR 3.47 per kWh.
The project can be set up anywhere in India and must connect to the Inter State Transmission System (ISTS) network, ensuring seamless energy delivery across regions.
The project completion period is 24 months. It will supply power under a 25-year power purchase agreement to be signed with NTPC.
Upon commissioning, the hybrid solar-wind power project is expected to generate around 800 million units of renewable energy annually, powering more than 5 lakh households.
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